Tenancy & Accommodation
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Gross Frontage
Net Frontage
Shop Depth
Ground |
Retail |
7.30 m
5.80 m
19.15 m
228.80 sq m |
(23' 11")
(19' 0")
(62' 10")
(242.8 sq ft)
| SPORTSWIFT LIMITED (t/a
Card Factory) (1) |
10 years from 5th August 2010
until 2020 (2) |
£28,500 (3) |
5th August 2015
|
| First & Second |
Hairdressing Studio |
89 sq m |
|
S & DA WASS (t/a Vogue
Hair & Beauty)(4)
|
15 years from 25th March 2002
until 2017 |
£8,500 |
20th March 2015 |
| Totals |
|
317.8 sq m |
(1,200.8 sq ft) |
|
|
£37,000 |
|
(1) For the year ending 31st January 2010, Sportswift Ltd have reported a turnover of £209,453,000, a pre-tax profit of £35,641,000 and a net worth of £47,896,000. (Source: www.riskdisk.com 9th February 2011)
(2) As to the lease to Sportswift Ltd, the tenant has an option to determine the lease on the 5th anniversary of the term.
(3) As to the lease to Sportswift Ltd, the rent payable under the terms of the lease has been reduced by 50% for the first two years. The seller will pay the buyer the rent that would have been due in the absence of this rent concession. Therefore the property will produce £37,000 per annum from completion of the sale.
(4) As to the first and second floor, the tenant is part of Wass Group who operate from four outlets across Nottingham (Source:www.wassgroup.co.uk 8th March 2011).
